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Per effetto della crisi economica che si è realizzata con particolare intensità nel corso del 2009, molte economie avanzate hanno intrapreso percorsi di risanamento fiscale. Nell'ambito di tali misure un ruolo non trascurabile è rappresentato dagli interventi di riduzione della spesa per il...
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We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes...
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fiscal austerity and disregard of current account imbalances is likely to lead to further deteriorating data that fail to …
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austerity measures in order to abide by their commitments with Eurozone institutions and the IMF. We show that the introduction …
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After a brief introduction dealing with critical opinions of some economists on the European austerity policy, the … authors point out that austerity as a means of achieving fiscal consolidation and financial stability is applied when the … fiscal domain is weak. After analyzing the effects of the 2009 crisis on some indicators and austerity measures taken by …
Persistent link: https://www.econbiz.de/10011576575
Aufgrund der seit langem geführten Debatte um das Für und Wider der Nutzung des Politikinstruments der Staatsverschuldung wissen wir recht viel darüber, was Experten (z. B. Finanzpolitiker/‌-‍wissenschaftler) von Haushaltskonsolidierung, Deficit-Spending oder Verschuldungsgrenzen halten....
Persistent link: https://www.econbiz.de/10012155253
The paper discusses the impact of austerity policy on economic performance in the eurozone countries after the global … observed in many economies, especially in the South Europe. The implemented austerity policy under the external pressure not … increasing public debt. Based on the literature and empirical findings, the issue of austerity policy and its potential …
Persistent link: https://www.econbiz.de/10012104382